American Airlines Group Inc (AAL) Shares Sold by Comerica Bank

Comerica Bank lowered its stake in American Airlines Group Inc (NASDAQ:AAL) by 21.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 82,702 shares of the airline’s stock after selling 22,078 shares during the period. Comerica Bank’s holdings in American Airlines Group were worth $2,678,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Boston Partners grew its position in shares of American Airlines Group by 2.6% during the 2nd quarter. Boston Partners now owns 1,687,054 shares of the airline’s stock valued at $64,041,000 after buying an additional 42,289 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in shares of American Airlines Group by 10.4% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 86,287 shares of the airline’s stock valued at $3,275,000 after buying an additional 8,100 shares during the last quarter. Verition Fund Management LLC bought a new stake in shares of American Airlines Group during the 2nd quarter valued at about $1,063,000. Principal Financial Group Inc. grew its position in shares of American Airlines Group by 0.3% during the 1st quarter. Principal Financial Group Inc. now owns 634,326 shares of the airline’s stock valued at $32,960,000 after buying an additional 1,648 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its position in shares of American Airlines Group by 3.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 62,536 shares of the airline’s stock valued at $2,583,000 after buying an additional 2,175 shares during the last quarter. 84.47% of the stock is owned by institutional investors.

AAL has been the subject of a number of recent research reports. BidaskClub downgraded shares of American Airlines Group from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. Credit Suisse Group began coverage on shares of American Airlines Group in a research report on Monday, November 19th. They issued a “neutral” rating and a $41.00 target price for the company. Morgan Stanley set a $39.00 target price on shares of American Airlines Group and gave the stock a “hold” rating in a research report on Friday, October 5th. ValuEngine upgraded shares of American Airlines Group from a “sell” rating to a “hold” rating in a research report on Wednesday, September 19th. Finally, Imperial Capital upped their target price on shares of American Airlines Group from $52.00 to $56.00 and gave the stock an “outperform” rating in a research report on Thursday, September 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. American Airlines Group presently has an average rating of “Buy” and an average target price of $49.88.

In related news, Director Jeffrey D. Benjamin purchased 15,000 shares of American Airlines Group stock in a transaction dated Monday, November 19th. The stock was bought at an average cost of $35.69 per share, with a total value of $535,350.00. Following the purchase, the director now owns 22,146 shares in the company, valued at approximately $790,390.74. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director John T. Cahill purchased 25,000 shares of American Airlines Group stock in a transaction dated Monday, October 29th. The stock was bought at an average cost of $33.47 per share, with a total value of $836,750.00. Following the completion of the purchase, the director now owns 6,531 shares in the company, valued at approximately $218,592.57. The disclosure for this purchase can be found here. Corporate insiders own 0.70% of the company’s stock.

NASDAQ AAL opened at $37.95 on Friday. American Airlines Group Inc has a 52 week low of $30.24 and a 52 week high of $59.08. The stock has a market capitalization of $16.72 billion, a price-to-earnings ratio of 7.78, a PEG ratio of 1.06 and a beta of 1.12.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, October 25th. The airline reported $1.13 EPS for the quarter, topping the consensus estimate of $1.12 by $0.01. American Airlines Group had a net margin of 3.06% and a return on equity of 568.86%. The firm had revenue of $11.56 billion during the quarter, compared to analysts’ expectations of $11.55 billion. On average, sell-side analysts forecast that American Airlines Group Inc will post 4.51 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 20th. Stockholders of record on Tuesday, November 6th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date was Monday, November 5th. American Airlines Group’s dividend payout ratio is currently 8.20%.

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American Airlines Group Profile

American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2017, the company operated a mainline fleet of 948 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, and Phoenix, as well as in Washington, DC The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc in December 2013.

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Institutional Ownership by Quarter for American Airlines Group (NASDAQ:AAL)

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